Huntington National Bank Has $100.75 Million Holdings in Fiserv, Inc. $FI

Huntington National Bank grew its stake in Fiserv, Inc. (NYSE:FI) by 1.5% in the second quarter, HoldingsChannel reports. The fund owned 584,381 shares of the business services provider’s stock after acquiring an additional 8,670 shares during the period. Huntington National Bank’s holdings in Fiserv were worth $100,753,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Activest Wealth Management lifted its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Abound Financial LLC acquired a new position in shares of Fiserv during the first quarter worth approximately $38,000. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the second quarter worth approximately $34,000. Christopher J. Hasenberg Inc lifted its position in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FI shares. Susquehanna reduced their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. Seaport Res Ptn downgraded shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $85.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a research note on Thursday, October 16th. Finally, Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $131.95.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.74% of the company’s stock.

Fiserv Stock Down 2.4%

Shares of FI stock opened at $65.08 on Tuesday. The firm has a fifty day moving average of $124.76 and a 200-day moving average of $149.92. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12-month low of $64.52 and a 12-month high of $238.59. The company has a market capitalization of $35.38 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.56 and a beta of 0.95.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.32 billion during the quarter. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.